Chennai: The Tamil Nadu government on Thursday signed an MoU with solar energy solutions provider Vikram Solar to set up a Battery Energy Storage Systems manufacturing plant at an investment of Rs 15,037 crore at SIPCOT Industrial Park in Gangaikondan, Tirunelveli district. The mega project will create direct and indirect employment opportunities to 2,670 people,…
New Delhi: Asian Development Bank on Thursday lowered India’s GDP growth projection to 6.6 per cent as against 6.9 per cent estimated earlier for the current fiscal on concerns of higher energy prices fuelled by the Middle East crisis. Despite the growth moderation, India still continues to be the fastest-growing major economy in the world….
New Delhi: Chief Economic Adviser V Anantha Nageswaran on Thursday said the government has done its part by announcing several measures in Budget to support Global Capability Centres (GCCs), and called on industry to invest in skilling, capability development and innovation to address the challenges posed by artificial intelligence. Observing that AI has exposed old…
New Delhi: Delhi woke up to grey skies, waterlogged roads and uprooted trees as overnight rain continued through Thursday morning, with the India Meteorological Department issuing a ‘red’ alert for the day. Safdarjung, the capital’s base weather station, recorded 72.6 mm of rainfall in the last 24 hours that ended at 8.30 am, the India…
Johannesburg: Several Indian companies have a proven track record in rail network, port modernisation and power systems, and the country could become a partner in the development of infrastructure projects in South Africa, India’s Consul General in Johannesburg, S Koventhan, said on Wednesday. Companies that participated in a two-day Africa Rail Expo expressed optimism about…
Here is a question worth sitting with. When you picked your last mutual fund, did you actually understand what you were buying, or did you simply trust the name on the label? A new study by Eminence Strategy Consulting suggests most Indian investors are doing the latter. And the implications go well beyond individual portfolios….
Mumbai: Equity benchmark indices Sensex and Nifty fell sharply by over 2 per cent during the fag-end of the trade on Wednesday amid reports that US President Donald Trump said the interim agreement with Iran is over, leading to a sharp rally in crude oil prices. The 30-share BSE Sensex tanked 1,722.99 points, or 2.20…
M Radha Madhavi When it comes to investing, many people believe that the biggest threat to their savings is stock market volatility. The daily rise and fall in share prices often creates anxiety, prompting investors to seek refuge in “safe” options such as Fixed Deposits (FDs). However, for long-term investors, market fluctuations are not necessarily…
New York: US legal experts said it would be highly unusual for a federal court to reject the Department of Justice’s request to dismiss the criminal case against Indian billionaire Gautam Adani, after prosecutors set out detailed legal and policy reasons for seeking to drop the indictment. Under Rule 48(a) of the Federal Rules of…
Ayodhya: The Shri Ram Janmabhoomi Teerth Kshetra Trust currently holds over 30 kg of gold-like items and 1,518 kg of silver-like items, among other valuables donated by devotees, its treasurer, Swami Govind Dev Giri, said on Tuesday amid the row over alleged embezzlement of donations at the temple. Giri told PTI that all 2,926 valuable…
